George Fotion's Market Report

Rancho Palos Verdes, CA 90275

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Rancho Palos Verdes, CA 90275

Sun Aug 18 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,585,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 126. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Palos Verdes, CA 90275

Sun Aug 18 2019
This week the median list price for Rancho Palos Verdes, CA 90275 is $1,585,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 126. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $1,585,000
Per Square Foot $612
Days on Market 96
Price Decreased 51%
Price Increased 2%
Relisted 15%
Inventory 126
Median House Rent $4,700
Most Expensive $10,950,000
Least Expensive $819,000
Market Action Index
Slight Seller's Advantage
38

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,900,000 4,336 0.5 - 1 acre 5 4 30 2 2 167
$1,849,000 3,121 0.25 - 0.5 acre 4 2 49 5 2 79
$1,421,500 2,423 0.25 - 0.5 acre 4 2 54 3 4 61
$1,124,500 1,831 8,000 - 10,000 sqft 3 1 59 5 2 77